Fitch lifts Stewart to stable

Fitch Ratings said it affirmed the BBB- issuer default rating and BB+ senior unsecured debt rating of Stewart Information Services Corp.

The outlook was revised to stable from negative.

The outlook revision reflects improved operating results and an expectation of profitability going forward, Fitch said.

The ratings also consider its adequate capitalization, a conservative investment portfolio and modest financial leverage, the agency said.

The company's performance continues to lag peers, Fitch said.

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